CBN

The Central Bank of Nigeria is set to closely monitor the Nigerian banking sector’s recapitalisation alongside law enforcement agencies. This move is intended…
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Barely 48 hours after restating the need to increase the capital base of Deposit Money Banks for improved productivity, the Central Bank of Nigeria has…
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The House of Representatives has berated the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), commercial banks and other financial institutions over alleged…
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Nigeria is in the middle of a very important shift in its economic structure. One man, amongst others at the heart of this is the Governor of the Central Bank of Nigeria, Mr Olayemi…
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Some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have failed to pay N261.07bn out of N419.42bn given…
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The Central Bank of Nigeria has announced the increment of the capital base for commercial banks with international authorisation to N500bn and national banks…
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The Central Bank of Nigeria (CBN) has pegged the minimum capital base for commercial banks with international authorisation at N500 billion. In a circular signed by the Director,…
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Says law enforcement investigating $2.4bn unauthorised fx transactions Decision putting undue pressure on banks – Expert BDC rate appreciates to N1,304/US The Central Bank of Nigeria…
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• CBN implements Deloitte FX audit report, EFCC may summon CEOs over $2.4bn invalid requests • Several FX requests fraudulent, made with invalid, illegal…
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The Central Bank of Nigeria has increased the monetary policy rate from 22.75 per cent to 24.75 percent. This was announced at the Monetary Policy Committee (MPC) meeting of the apex…
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